Golden Finance reported that John Choong, director of markets and research at Investors Edge, said that after the release of the non-farm payrolls report in November, the market predicted that the probability of the Federal Reserve cutting interest rates this month was more than 90%, which has exceeded market expectations. Traders appear to be focusing on the fact that while the U.S. job market is not cooling, it also shows no signs of heating up. But Choong interpreted the data differently. He believes that November's non-farm payroll data shows that last month's weakness was only a temporary phenomenon caused by the hurricane and that the U.S. labor market is resilient. The Fed needs to thread the needle carefully because they cannot cut rates too early if inflation remains high. He expects rate cut expectations to be repriced "as the strength of today's data challenges the view of a December rate cut."